Don't Flaunt It . . .
March 20, 25 by John JeffayHere's a cautionary tale for anyone in retail jewelry: If you've got it, think twice about flaunting it. York Valdes built up a following of 175,000 people on TikTok and Instagram, with videos showing not only merchandise from his two jewelry stores, but also his lavish... Read More...
Lab Growns: The Pendulum has Swung
March 13, 25 by John JeffayThe pendulum has swung. More than half (52 per cent) of brides who said "I do" in the US last year were wearing an engagement ring with a lab grown rather than a natural diamond. That's according to The Knot wedding website, based on responses from 16,956... Read More...
Swallowing Diamonds
March 06, 25 by John JeffayIt's hard to swallow. In fact most of us would probably choke trying to down over 13 carats of Tiffany's finest diamonds. But that, allegedly, is how Jaythan Lawrence Gilder, aged 32, responded when cops in the US finally caught up with him last... Read More...
A New Winston Legacy
February 27, 25 by John JeffayHarry Winston was just 12 when spotted a two-carat emerald in a tray of costume jewelry at a pawn shop, bought it for 25 cents, and sold it two days later for $800. That's just one of the many remarkable stories about the late King of Diamonds, who... Read More...
It's a Shame: China's Diamond Decline
February 20, 25 by John JeffayThe diamond industry has been waiting for demand in China to bounce back. And waiting. And waiting. Three years of zero Covid tolerance finally came to an end in December 2022, but the long-awaited recovery did not follow. Quite the opposite, in fact... Read More...
Israel's Landmark Visit to Qatar
February 13, 25 by John JeffayHistory will judge the visit by an Israeli delegation to a diamond conference in Qatar last month. With all eyes on Gaza, Qatar mediating a fragile ceasefire between Israel and Hamas, and the precarious on-off hostage release, we may be too close to... Read More...
De Beers and Botswana: The Long Delay
February 06, 25 by John JeffayIt's the announcement the diamond world had been eagerly awaiting. "The Government of the Republic of Botswana and De Beers Group are pleased to announce they have reached an agreement in principle on a new 10-year Sales Agreement for Debswana's... Read More...
Shred, Baby, Shred!
January 30, 25 by Chaim Even-ZoharAlmost 10 years ago, I exposed a still ongoing fraud in the diamond industry. I wrote: "Alibaba, the leading online internet platform for global wholesale trade, has been sending special Trade Alerts promotions by email to millions of potential diamond buyers... Read More...
The Brutality of Namdia Diamond Heist
January 23, 25 by John JeffayA man appeared in court on Tuesday, charged with the murder of a security supervisor at Namdia, Namibia's state-run diamond marketing company, and the theft of rough stones reckoned to be worth at least $15m (N$280). A second defendant, in hospital at the... Read More...
The Future is Integration
January 16, 25 by Erez RivlinThere is quite a wide consensus regarding the three fundamental solutions for the current crisis in the diamond industry. Advertising, advertising, and then some more advertising. So far, it seems nobody has come up with even a small share of the money necessary to cure the industry of its Read More...
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